Asia-Pacific Economic Cooperation

The Asia-Pacific Economic Cooperation (APEC) is a regional forum established in 1989 aimed at promoting economic growth and cooperation among its 21 member economies, which include countries like the United States, China, Japan, and Australia. APEC focuses on reducing trade barriers, enhancing investment opportunities, and fostering sustainable economic development. It encourages member economies to collaborate on various issues, such as trade liberalization, innovation, and environmental sustainability, ultimately aiming to create a more interconnected and prosperous Asia-Pacific region. The annual meetings provide a platform for leaders and officials to discuss and address economic challenges collectively.